Trade Resources Company News Cargill Establishes Own Licensed Buying Company in Ghana

Cargill Establishes Own Licensed Buying Company in Ghana

Tags: Cargill, cocoa

The cocoa & chocolate business of Cargill has set up its own licensed buying company (LBC) after securing a licence from the Ghanaian Cocoa Board (Cocobod).

The new LBC has started operations and Cargill purchased its initial consignment of beans directly from cocoa farmers in the country. About 30,000 farmers are currently registered with the LBC.

Cargill says that by directly sourcing beans, it can diversify the way it sources sustainable beans and rolls out the Cargill Cocoa Promise more effectively to better serve its customers. 

The company has been operating a cocoa processing facility in Ghana since 2008.

Cargill noted that the move to direct sourcing of cocoa through its 60 team in the country reflects its commitment to increasing the business in Ghana and enable a more direct approach to supporting more productive, profitable and sustainable farms. 

The new purchasing model shall be fully sustainable and fully certified. The licensed buying company will help Cargill in implementing high standards of quality, integrity and safety throughout the supply chain in the country.

Cargill Cocoa & Chocolate West-Africa, managing director Lionel Soulard said: “Direct sourcing of certified beans from farmers via our own LBC in Ghana is an exciting new business model for us. Cocoa sustainability is at the heart of our global growth strategy for cocoa and chocolate.

“Developing a direct sourcing capability in the world’s second largest cocoa producing country means we will be better placed to meet growing demand for sustainable, certified cocoa.”

“We are confident this business model will add value at every level particularly for farmers who, as a result of working directly with us, will make a better living out of cocoa farming, and we are really proud of this development.”

Source: http://www.food-business-review.com/news/cargill-establishes-licensing-company-to-procure-cocao-directly-from-ghana-farmers-071116-5660467
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